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Allowing People to Initiate Their Own Corrective Action Encourages Self-Control

question 113

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Allowing people to initiate their own corrective action encourages self-control and reduces the need for outside supervision.


Definitions:

Specific Number

An exact quantity or numerical value identified or required.

Employee Evaluation

A systematic process of assessing and reviewing an employee's performance on the job and his or her potential for future development.

Raise

An increase in salary or wages, often awarded to employees based on performance or as a cost-of-living adjustment.

Bank Reconciliation

A process that explains the difference between the bank balance shown in an organization's bank statement, as provided by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.

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